2025-03-31-accounts - Change Agents UK Charity

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Company Number- 05128833 Charity Number- 1104230 CHANGE AGENTS UK CHARITY (A COMPANY LIMITED BY GUARANTEE) AND ITS SUBSIDIARY UNDERTAKINGS Financlal Statements for the year ended 31 March 2025 Change Agents UK

CHANGE AGENTS UK CHARITY Index for the year ended 31 Mah 2025 Page Legal and administrativa infomiation 1to2 Report ot the trustees 3to10 Independent examiners report to the members Consolidated Statement of Financial Activit5es 12to13 Group and chanty tsatan sheets 14 Notes to the financial statements 15to24 Fund comparats.ves 26to27

CHANGE AGENTS UK CHARITY Legal and administrative information for the year ended 31 March 2025 Dlrectors and Trusta85 Sheri-Leigh Miles Trevor Gibson Chair Vic&Chair Joe Collin8 Finan ttustee (Appointed 10 December 2024) Professor (Emeritus) Mark Lemon Charlotte Bonner Catherine (Katy) Boom Dr Lorens Pasquini Simran Dhanjal-Field Joan Obasohan (Appointed 10 December 2024) (Appointed 10 December 2024) (Retired 10 December 2024) {Resigned 10 Dernber 2024) (Resigned 16 October 2024) (Resigned 1 July 2024) Dr lan Paton Dr Emma Fieldhou Eleanor Snare Chartotte Dixon Chlei Executive Alexandra (Lexie) Jon&8 Rogistered office Oakham Railway Ststion Ststion Approach Oakham Rutland LE15 60T Company registration number 05128833 Charlty registration number 1104230 Independent Examiner Ken Maggs Moektnan Way Spalding Lincs PE113HE Bankers The CperatiVe Bank plc Stockport Business Direct PO Box 250 Skelmersdale WN8 6VVT CCLA Investment Management Funds COIF Charity Funds 80 Cheapside London EC2V 6DZ Page 1

CHANGE AGENTS UK CHARITY Legal and admlnlstratlve Inforniatlon (Contlnued) for the year ended 31 Mah 2025 Solicitors Travers Smith LLP 10 Snow Hill London EC1A 2AL Insurance brokers PIB Insurance Brokers (Gloucester CaSE-L) aQmen UndeNKiting Services Southgate House Southgate Street Gloucester GL11U8 Page 2

CHANGE AGENTS UK CHARITY Rgport of the trustee8 for the year ended 31 March 2025 The Board of Trustees of Change Agents UK Chanty. who are also directors of the charity for the purposes of the Companies Act, are pleased to present their annual report for the year ended 31 March 2025 under the Charities Act 2011. together with the independenty examined accounts for the year. The Board of Trustees confirm that the latter Gompty with the iequirements of trie Act, the Trust Deed and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities.. REFERENCE AND ADMINisfRATIVE INFORMATION The organisation is a charitable company, registered under charity number 1104230 limited by guarantee, Incorporated and registered as a charity on 14 May 2004. The charity was established under a Memorandum of Association, which established its object and powers. Change Agents UK Charity Trustees, executive offieBrs and principal addresses of tha Charity are as listed on page 1. Particulars of the Charitys professional advisers are given on pages 1 to 2. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing Document Change Agents UK Charity is govemed under its Articles of Asscciatson. In the evont of the charity being wound up members are required to contribute an amount nol eA(Eeding £1. Governlng Bodies The Charity is governed by the Board of Trustees detailed on page 1. Appointment The DireGtor5 of the Gharily are also Trustees for the purposes Of chanty law and under the Charrvs Articles are knovm as members of the Board of Trustees. Under the requirements of the Memorandum and Articles of AssoGiatFDn. a knird of the members of the Board of Trustees are required to retire St the annual general meeting. Membsrs required to retFre may stand for re-eleGtion. Recruitment of Trustees Analysis carried out each year identsf$ certain skills that would be required for the Board in future. A sustained effort has been made to recruit trustees with these skills and exrienCe to improve the qualty and effectiven&ss of the board. All mernrs of the Board of TTUStees give their time voluntsrily and received no benefits from the charity. Organisational Management Day-to48y management of the Chanty. its substdiary undertakings and the staff team is oVern by the Chief ExecutNe. Group Structure and Relationships The Charity has a wholly-owned trading subsidiary, Change Agents UK Trading Ltd, the sole purpose of which is to undertake sustainabilty-related projects thal generate funds for the cnamty and support the delivery of our charitsble objectives. The subsidiary mainty functions as a sustainabilty recruitment and employment business. Work undertaken in the trading subsidiary directly supports the charis objectives in terms of raising public awareness on sustainable development through the provision of recruitment, training and work placements for projects that delwer sustainable change. Page 3

CHANGE AGENTS UK CHARITY Report of the trustees (contlnued) for the year ended 31 March 2025 Group Structure and Relationships {continued) The organisation holds Corporate Membar8hip of the Recruitment & Employment Confederation {REC). Staff costs are expensed Wrthin the Chanty wrth a crowharge to Ihe trading subsidiary to reiiect work undertaken on rts behalf. Profits generated in the trading subsidiary are gfft-aided to the Charity under a Deed of Covenant to support ts work In educabon for sustainabilty and employability support. Change Agents UK Charity supports young people, educab'on, employability and communities partty through netsvorking and partnerships organisations in the public, private and third sectors working in the field of sustainability. The Chanty also beneffts from an "alumnl" netr•iork whose close support we greatly appreciate and a¢knoedge. Risk Management The Trustees have considered the Major risks faced by the Chaiity Risks are managed and minimised by monthly reporting and action and by reviewing policies periodically. The Group Risk Register is maintained and reviewed at Board Meetings. The Board has fomalty adopted the Charity Governan Code as a mechanism to underpin its Compliance with legal and regulatory responsibiliti.es. Volunteers Our volunteers fall into several categories. There are our Board of Trustees. who take responsibility for Corporate governanc6 and the Étrategic management of the charity. Professor Stephen Martin, our President and Co-Founder, works hard on behalf of the Charity and regularly lends it the benefit of his considerable knowledge, skill and support. Then there are our other experienced volunteers. who contribute their skill and time to our charitable endeavours, pa"cUlaY in training and development. Change Agents UK Charity gratefulty knoWledgeS the contribub'on of our volunteers and thanks them for all of their hard work. All our volunteers give their timp freely and recArve no financial benefft from the Charity. OUR M15510N AND IMPA Charitable Objects Our charitable objectives are lo advan the education of the public in sustainable development by the provision of exhibitions, meetings. lectures. dasses. seminars and courses ether alone or with others, and to promote and undertake research for Ihe public benefft in sustainabk development and to alssemlnate the useful results of such research". To us, sustainable development means a way of leaming, living and working that integrates environmental protectson and management with both social and economic development, in a way that does not compromise the ability of other people, now or in the future, to meet their own needs. We support the delivery of the Sustainable Development Goals and we work towards the realisation of a Iowrycarbon economy and a secure, resilient and fair future for all. Strategy Our Wision °A worfd where change agents collaborate to create a sustainabl8. equitable and low-caOn fvture" Our Mi5ion °We use education. recrnitment and aCtn fo empowerpeople and organisations with the knowledge, skills and cOnfenCe needed to create a better, more sustainable future" Page 4

CHANGE AGENTS UK GHARITY Report of the trustees (continued) for the year ended 31 March 2025 OUR MISSION AND IMPAcr Strategy (continued) Strateglc Goals 1. Increase access to sustainablllty education and future skllls training Working to ensure nobody is left behind in the move towards a SUre and sustainable future through outreach, inclusion and action 2. Promote green jobs and sustalnable carÈèr pathways Fostering a thriving and resilient Ivorkforce to18ad the transition to a Iow-carbon eGonomy through the provision of highquality reGruttrnent and employment sendiS and green careers workshops and training. 3. Collabordting with businesses and policymakers for a gre•n economy Using our Vol to advctate for positive change and leading by example. 4. Raising publi¢ awareness of cllmate change issues and the sustainable development goal8 Delivering workshops, VbInarS and sup[)rting research Objectives for the year Our objects.ves for the year were: 1. Achieve continued year-on-year groN%th of impact of at least 20% by educating, upskilling and supporting more people through our programmes. 2. Maintain ex¢*llence in our programm8 delivery, wlth consistenty high ratings, 5-Star reviews and feedback from our leamers and service users. 3. Continue to support the recrurtrnent of Change Agents into meaningful work in sustainability. 4. Maintain a robust and healthy financial [KIs.On to ensure the Charity can continue its important work. 5. Ensure equality. diversty and inclusion are at the heart of everything we do and work to ensure that we expand aGcessibility and outreach in our work. 6. Demonstrate that we %valk the Mvalv, aiming for Green Investors In the Environment (IIE) accreditation and ongoing commitrnent to sustainabilty In our own operab'ons. 7. Alongside our work with many national and international organisations, also ensure we provide support for local rnMunty projects in Rutland and the East Midlands. where Change Agents UK is headquartered. 2024/25: Impact highlights of the year Over 2,600 attendances at our education and green ski115 workshops, a year-on-year increase oi 1270h. Expanding the provision of our Skills Bootcamp Sn Sustsinability & Environrnental Management with partner organisation PECT to launch and support green jobs, with 55 leamern funded by the Department for Educab'on (DfE). Launching the training and support programme for the DfE-fiJnded Climate Ambassadors Programme, training over 600 Cllmats Ambassadors to support schools and other educatFon settings to develop and deliver their Climate Action Plans. Expanding our work in Carbon Literacy, working with new organisations and supporting over 350 individuals to achiev• Carbon Literacy Certification. Page 5

CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year endod 31 March 2025 OUR MISSION AND IMPAcr 2024/25: Impact highlights of the year (continued) Maintainlng our commiknent to accessibillty and outreach, %%ryih 19 people £UPPOrtod on our aCsS scheme. Growing our notwork of Chang• Agents, with 15 recruited into green roles this year. Supporting the lornl o)mmunity by hosting the Rutland Communty Fridge. Achieving the highest award of Greon Accreditation for our Investors In the Environment (iiE) Environmental Audit and Runner-up at the IIE Awards for°Best Social Impacf and shortlisted for °Best Overall Achieverf. Sustainability Leadership Skills Prosramme The Sustalnablilty Leadership Skills Programme (SLSP) is our Ilagship training and skllls programme. It has been designed as a holistic joumey for sustainabilty practitioners who are ready to look ahead". not just at how we can tsckle global challenges but abo how we c2n nurture new mindsets and organisations shaped by sustainabilty. Through our 10 innovattve and exploratory units. leamets will practise the transformational skills needed to enact change. we amiays seek fee(Joack from our leamer5 to ensu that we are tnaximising our impaGt and effectiveness. programme content rated 4.815. Training methods and activittes rated 4.715. Style and approach of trainer rated 4.715. Usefulness and relevance to futurcUrrent work rated 4.815. 1 OOOA of learners agree with the ststement'l feel more inspired fo act for sustain8bilty-. 1 OOOA agree that.my UndetandIng ol how I can tacklg Sustainability issues through my WO has increased". loo0 of leamer agree wth the statement°1 feel more confident being an effective sustainability leader.. SustairbIlIty L•adership Skills & Volues Ehvironmefttal Svstainobility Resilienee Sfi Chun9¢ Peopl• & Planet Syd•mic Thinking Inelusive Cornmvnicatio EthFcs Deeisions 8 Culturo Responsib Proje¢t Management Creativity & Future Thinking Page 6

CHANGE AGENTS UK CHARITY Report of the trustee8 (continued) for the year ended 31 March 2025 OUR MISSION AND IMPAcr 2024/25: Impact highlights of the year (continued) What people ale sayiJg.-. -If you're $tarbn8 on your Ju¥tainakn"41ty cart this willwwe you the contiden¢e to irt the sector. It like me. you're atreoty Wofking in jusin#.11ty. thss course provides the perfeci reminderot sthywe do whai bye do and proviaes you with new loois to keep growina #nd mots¥atsng othcrs.- Kalie. 5L5P parucipant "Tha SLSP is brilliant. I V•Duld highly recorrYnd it to everyone. wtore¥er Ih are in their ceer path.- Hae¥. SLSP partictpant -Hawnx Such a hobsiic approach to the Sub¢1 has been In¢redibiyvaiuabie. Starting in ? new role 4n sumrner 2024. 1 lelt conlideni in my e¢lucaiionJl expenence. but telt thtst I needed to build myawarenegs ol Èu3tJ1naIIty chaU¢n%es. >olub"ons and developments to bener understand how rnyfolelits Intolheooarnsation andwidei networks. Th)s cotsrse h?sdel?vered on ihss 80 well. The delivery ho3 bBen excellent . l(>t3 01 en¥aKemEni. Ciearty a desire li¢)m ihose manaffJnR the cour3e to makethe experience POle and enn¢hin& with 4)pportuTrti¢J to expand the expefience and l>uiid a personal learthnR network Ihat ioes be the conlines Ott core eoufse ectw•s.-. Tom. SLSP parncipani "li will eouip y¢)u with a ta)od knowled8• of our imp4cT on ¢limaie¢han8e as ttKliwduals and on a nètFonal le¥el and the rolewe have to play in the wider world. particularly in terms ol eb" mate lusti¢e. My famity haye atreaty said that I'm m4)f• •niculaie aboJA thts¢ tPPi¢&- Carbon lit•r•cytr•lne• -Mes 3ustsinAity feel Teal and dole. It is all about iry to lind the solutions. what wecan do. and how evwything is Connect to ourlises. It ts varyengaging and definitety worth (thcking ouL- Cd>or• irterncy trn•n•• -very insightful and ¥nterting Kqth attends frn other localauthoriiies contributed to the rlthness c discussions prXial ... aS that could be adopted Pofsonalty and at y10- C•fOM Lrferacytrntsxe "It is weil worth your time. It has changj mindsel around the impact that a councilcan have with reg¥d to carbon emtssions aKI diate change.- Carbon Literxy tramoe Page 7

CHANGE AGENTS UK CHARITY Report of the tru5tee5 (Gontinued) for th• y•ar ended 31 March 2025 OUR MISSION AND IMPAcr Green Recruitment Our services wie contsnue to Offer high-quaity green recrultrnent and emtyoyment setvices thtough Change Agviitb UK Trading Ltd, our wholly-owned subsidiary focused on green jobs and skills. W8 provide support for individuals seeking green jobs and work with employers looking for the best candidates for their sustainability, energy or grn roles. We provide a comprehensive service, helping from the stsrt. working w.rth organisations to create suitable sustainability job descriptions and Gandidate spethations, sOu1n9 suitable candidates, managing 2pplications and collaborating on interviews As all etnployment setViGes provtder, we can addItnallY handle all aspects of the employment from payroll administration to contracts. Ail profits are gift-aided to the charity to support our education and outreach work. Sustainability Recruitment in the past year We've recruited people into fifteen sustainabilty and green roles working with a range of client organisations, including the Envlronmentsl Association of Univer5Ttie5 & Colleges, the London SGhool of Economics & Political Science, Innovate UK and Nattergal. Everyone we recruit becomes a °Change Agenf, benefftling from access to our Sustainability Leadership Skills Programme (SLSP) programme to leam the transferable skills needed to excel in a sustainability role and to help them build their network by meeting other sustainabilty professionals. Change Agents receive monthly 1.1 mentoring from our team during their placements to give addrtional support wth their career devetopment and pknning. Equality, Diversity and Inclusion Equality, diversty, and inclusion are central to our worf( and values. We want to improve accessibility to education for sustainability development future skills provision and address the lower levels of diversity in the environmental Scien and sustsinability professions. Our work this year has continued to open doors for peopl8 from all backgrounds, both in educatson and recruitment into green jobs. helping them to prepare for a successful and SUStainarAe future. arKJ the recruittnent of Qui own Board and staff InenTrbets placed strong emphasis on dNersity and widening repre8antation. Our Access scheme has proved successful in demonstrating our commÉtinent to inclusion and provKle OPFK)rtunities to those who would otherwise be unable to aCsS sustainability education and skills training. We will conts.nue to strive for equality and faimess in all we do. Financial revlew Group income £410,674 (2023r24.' £480,105) Total expenditure £370.781 (2023r24: £497.079). The overall Group results for the year showed a £39.893 surplus before tax (2023124 deficit of £16,974). The trading subsidiary returned a £20.198 profft Lefore tsx (2023124 £30,828). Change Agents UK continues to maintain a sound financial position by ensuring innovation in income generation, maintaining reputational excellen and through care1 management of costs. Page 8

CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 March 2025 Reserves policy The Trustees have considered the requirement for frae reserves which are those unrestricted funds not invested in tangible flxed assets, fixed assets investments, or designaterj tor specffic purposes or otheThvisa committed. In light of the current economic climate and any further potential for business Impacts In the Novemoer 2025 budgei and the finanual challenges in both the recruitment market and the Higher Edu¢ats'on sector, the Trustees have decided that the Group should seek to maintain free reserves equivalent to at least six months, revenue expenditure. The Trustees kp this under regular review. The Group Balance Sheet shows Unrestricted funds of £230,676 at 31 March 2025 {2024 £191,362). The Group Free reserves were £204,303 (2024 £168.644). The required level of free reserves available amounts to approximately £185,400 which is in excess by approximately £18,900. These excess funds are not sionificant in changing the charFty's future plans and wll be spent in the ongoing work and outreach activities of the chanty. The Trustees have a reasonable expectation that the Charity will conb.nue in operational existence for the foreseeable future" the Trust&s are not aware of any material uncertainties about the entiys ability to continue. Therefore, the Trustees havè used the going concern ba8iÉ in pParing these financial statements. Plans for future periods Change Agents UK understands the need to respond flexibly to the changing needs and circumstances of those we seNe. Creating a more sustainable fvture can only be achieved by taking people wtth us. We will remain outsRrd-looking in our work, focused on highlighb'ng and explaining the co-benefits of sustainability and ensuring that our work and mission remain relevant accessible and impactful. Changa Agents UK will continue our important work supporting national sustsinability programme3 such as Cllmate Arnbassa(Jors and Green Sknlls OOOtcamps. We 11 sk to expand further our delivery of the Sustainability Leadership Skills Programme and Carbon Literacy. We will offer fvrther outreach and access programmes, delivering on our commitment to support a sustainable future for all. Public benefit The Trustees have r.Dnsidp.red the Charrbes Commission's requirement in Pect of Public Benefit when reviewng Dur aTm5 and obJectsves an(t in ptanningfuttwe activitie¥. The Charity undertakes a range of activities in pursuan of its charrtable aims. The Trustees consider that these activities provide benefit by advancAng educatr'on in sustainable development through providing and facilitating training, seminars and workshops. attending conferences and through projects, work plaments and the assimilab'on of knowledge and practical learning through real and meaningful work opportunities. Page 9

CHANGE AGENTS UK CHARrrY Report of the twstees (ContInu) for the year ded 31 March 2025 Statement of trustees, responsibilities Company and charity requires Ihe Trustees of a to wq)are finall(llal 51aieTfEents foi eadi finan1 year vthich give a true and fairM8w state of affwrs d the charity and of the surplus or deficit of the charity for trt pericNJ. In preparing these financial statements. the TTUStees are required to: Select suitable accoLmting polioes and then appty them 0xlSten, make judgements and estimates that are r&7s(atrAe and tKudenC State whether applicable aCC(nting standaTds and statents of Tecwimend8d practic8 (SORP) have been folhjwed. subject kn any drf)arture disdosed and explained in the llnanclal statements. Prepare the financial statements the gng basis il is inapprlyiate to presume that the c(Nnpany WIN wnlinue in &esS. The Trustees are restM)nsknle keerrfng pn)per acnti recLYds that disckjse with r&%onable accura at any time the finaniial posilion of the c(¥npany and enable them to ensure that the financial statements Comply vllth the Companies Act 2tX)6. They are also resp(#te for safeguarding the assets of the wmpany and hence for taking reas(mabte steps f(x the WeOn and detsction of fraud and other irregularities. The maintenance and integrity of the Charity- website is the resp)nsiblty of the TTUSteas. Legislation in the United Kingdom governing the Wq)aralI( disseminalson of fanCIal statements may dlffer from legislations in othcr juriaictions. Insofar as the Tnjstees are a4Wdre: There is no rekvant infati of 1th the Clorilys exami1 is urwdre; and They have taken al steps that th8y (ght to have taken to make themselves aware of any relevant Informati and to estabnsh that Ihe examiner ts aware ot that infcrntion. Independent Examlner A re5tAution pr(VD5ing Itr wtra¥pJithent of Ken M6 FCA as indeFtndent cxaminer will be put to the members at the Annual General Meetsng. Small company provisions This report has been prepared in ac)r yiih the appfjcable to c(npanies entitied to the small companies exemption. This report was approved bythe Bwd of InteeS on . ..---.-. . 2025 and signed on its thalf eri-Leigh Miles, Chair Pag8 10

Independent examiner5 report to the members of CHANGE AGENTS UK CHARITY I report to the charity trustees on my examination of the consolidated accounts of the Group comprising Change Agents UK Charty ('the chartity) and ts subsxliary undertakn'ngs for the year ended 31 March 2025. which are set out on pages 12 to 27. Responsibllltles and basis of report As the trustees of the Company {and also its director5 for the purposes of company law) you are responsible for the preparation of the consolidated accounts of the Group in accordan with the requirements of the Charities Act 2011 ('the Charibes ACY) and the Companies Act 2006 {'the Companies Act) and you have chosen to prepare consolidated accounts for the Group. You are satisfied that the accounts of both the Company and the Group are not required by chanty law to be audited and h8ve chosen instead to have an independent examination. Havin9 satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the Companies Act and are eligiblé for independent examination, I report in respect of my examination of the consolidated accounts. I have camed out my examination under section 145 of the Charities Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(51(b) of the Charities ACL An independent examination does not involve gathering all the eviden that would be required in an audit an¢J consequently does not cover all the matters that an auditor considers in gtving their opinion on the accounts. The planning and Gonduct of an audft goes Deyond the limited assuran that 2nd independent examination can provide. Consequently l oxprgss no opinion as to whether the consolidated accounts present a 'true and fair. view and my report is IimrteAJ to those specific matters set out in the independent examinevs statement. Ind•pendent examiners statement sin the group's gross income exceeded £250.000 your examiner must be a member of a body listed in sectlon 145 of the 2011 Act. I confimi that12m quaiffied to undertake tho examination because l am a member of the Institute of Chartered Accountants of England and wales. Which is one of the listed bodies. I have Gompleted my examlnaion. I confirm that no matters have cAyne to my attention in connection wrth the examination gNing me cause to believe: aco)unting records were not kept in resFeCt of the group a5 required by section 130 of the 2011 Act and section 386 of the 2006 A¢ or the accounts do not ac(x)rd wilh those records; or e accounts ao not compty wrth the applir2ble requiremerrts concoming the fom) and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 or the companies Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination" or the acGounts have not been prepared in accordan wtth the methods and principles of the Statement of Recommended Practi for accounting and reporting by charits'es applicable to charits'es preparing their accounts in accordan with the Financial Repothng Standard applicable in the UK and Republic of Ireland {FRS 102}. I have no GOn(zins and have Gome across no other matters In connection with the ex8mination to which attention should be drawn in this reFM)rt in order to enable a proper understsnding of the accounts to be reached. K J MAGGS Chartered Accountant Hoekman Way Spalding PE11 3HE Date: . ..LJ . thzj.. 2026 Page11

CHANGE AGENTS UK CHARITY Con5011dated Ststement of Financial Activities (incorporating the consolidated income and expenditure account) for the year ended 31 March 2026 Unrestricted Restricted Funds Funds Total Funds 2025 Tot81 Fun(15 2024 Note Income from: Donations and *acies Charitable actIveS other trading activities Investments 923 130,193 275,925 2,883 923 130,943 275,925 2,883 2,029 62,611 412,697 2,768 750 Total incomè 40g.924 750 410.674 480,105 Expenditure on: Raising funds Charitsble activities Govemance costs (172,086) {196,008) (2,687) (172,086) (196.008) (2,687) (384,323) (110.646) (2,110) Total resourwa expended (370.781) (370,781) {497,079) Not Income l (expenditure) before tax Tax on surplus on trading activities 39,143 171 750 39.893 171 (16,974) 267 Nat Income l (expenditure) Transfers beiween fvnds 39,314 750 40,064 (16,707) Net mov•mont in funds 39.314 750 40.064 (16,707) Totsl funds brought forward 191.362 235 191,597 208,304 Total funds carried forward 230.676 985 231.661 191,597 The charity has no recognised gains or losses other than the results for the year as set out above. All of the acuvitres of the charity are ctassed as continuing. The charty has taken advantage of section 408 of the Companies Act 2006 not to publish its own Statement of Financial Activitles. The accounts.ng policies and notes on pages 15 to 27 form part of these financial statements. Page 12

CHANGE AGENTS UK CHARITY Con801idated Ststement of FinanGial Activltles (incorporating the consolidated income and expenditure account) for the year ended 31 March 2024 Unr•stricted R•#trict8d Funds Funds Total Funds 2024 Income from: Donations and legacies Charitable activities Other trading ath'vities Investments 1.231 62,361 412.697 2.768 798 250 2,029 62.611 412.697 2.768 Total income 479,057 1,048 480.105 Expanditure on: Raising funds Charitable activities Govemance costs (384,323) {109.833) (2.110) (384,323) {110,646) (2,110) (813) Total resources expended (4,206) (813) (497,079) Net (exponditure) I Income before tax Tax on surplus on trading activibes (17,209) 267 235 (16,974) 267 Net (expenditurn) l incom• Transfers be@@n ndS {16.942) 235 (1G,707) Net movement in funds (16,942) 235 (16,707) Total funds brought forward 208,304 208,304 Total funds carried forward 191,362 235 191,597 Page 13

CHANGE AGENTS UK CHARrrY Group and charity balance sheets at 31 March 2025 Group 2025 Charlty 2025 2024 2024 Flxed assets Intsngible assets Tangilje assets Investments 10 11 21,373 22.718 21,071 21,515 12 21,373 22.718 21,074 21,518 Current assets Debtors Cash at bank atKI in hand 13 55,312 199,950 255,262 42.090 175,890 217.980 53,279 lJO,817 204,096 51,465 109,121 160,586 Creditors: amounts falling due within one year 14 {44,916) (48.872) (24.039) (21,763) Net current assets 210.346 169,108 180,057 138,823 Provlslons for liabilities and charges (58) (229) Net a65ets 231.661 191,597 201.131 160,341 Unra8trictad funds D8signated funds General funds Is 5.000 225,676 5.000 195,146 191.362 160,106 230.676 985 191.362 235 200.146 985 160.106 235 Restricted funds 16 Total Funds 231.661 191,597 201.131 GO,341 The trustees are satisfied that the charity is entided to exernptim from audit of the financial statements for the year under Section 477 of the Cijrnpanies Act 2006 (the Act) relating to small companies and that the members have not required the company to obtsin an audtt in accordance with S8ction 476. The trustees acknowledge their ressibIlitIeS for (i) erisuring that the Ghattty kpS propEr accKwiting record5 Nthich Gomply with (li) prepartng flnancial statements whith give a true dnd fr view vf the state of affairs of the Gharity as at Ihe end of the financial year and of its profit or loss for the financial year in accordance the requlrements of section 396. and vthich otherbwse comply the requirements of the Act relating to financial ststements. so far as applicable to the charity. These financial ststements have been prepared in accordance wth the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standards applicable in the UK 8nd Republic of Ireland,. AppmvÈd by th8 Board of Trustees on .. ..2025 and signed on ils behalf: Sheri-Leigh Mlles, Chalr Company Registration Number. 05128833 Registered Charlty Number: 1104230 The accounting policies and notes on pages 15 to 27 tomi part of these finanual statements. Page 14

CHANGE AGENTS UK CHARITY Notes to tho financial statsments for the year ended 31 March 2025 1. Accounting policiès Charity Infomiation Change Agents UK Charrty is a private Charitab company limited by guarantee and is incorporated in England and Wales., the regisiered Offi is located at Oakham Railway Station, Station Approach, Oakham, Rutland. LE15 6QT. The company constitutes as a public benefft enw as defined by FRS 102. The principle acts'vity is advancing education in sustainable development fomalty through providing lessons, seminars, conferences and lecture5" and informally through projects, Vrk plaoments, volunteering and the assimilation of knowlgdge. practical leaming and doing real wol Basis of prepardtlon The financial statements have been prepared in accordan wrth the Statement of Recommended Practice". Accounting and Reporting by Charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable to the UK and Republic of Ireland {FRS 102). the Charities Act 2011, the Compantes Act 2006 and UK Generally Apted Accounb'ng Practice. The Charity has takan the available exemption under the Chatwties SORP (FRS 102} Update Bulletin 1. as a smaller cnarity, to not prepare a Statement of Cash Flows. Thc financial statements are piepdied on a golng conrn bas under the historical cost convention, as modified to include rtain items at fair value. The financial statements are presented in Sterling (£). which is deemed to be the functional currency of the charity. Ba818 of Consolidatlon The.qe financial statements con60lidate the results of the charity and its wholly 0e subsiaianes.. Change Agents UK Trading Limjted and Studentforce for Sustainabilty Limitsd, on a line by line b88iS. studentforce for Sustainabilty Limtted was domant during the year. A separate Statement of Financial Activities (incorporakn'ng the Income and Expenditure Account) are not presented for the charity itself following the exempts.ons afforded by section 408 of the Companies Act Fund accounting Unrestricted funds are available for use at the discretion of the Board of Trustees in furtheran of the general objects of the charity. Restricted fijnds are fijnds which ar8 to be used in accordance with specific restrictions imposed by donors or which have been raised by the charty for particular purposes. The cost of raising and administering such funds are charged against the specffic fund. Page 15

CHANGE AGENTS UK CHARITY Notss to the finanGial Statements (continued) for the year ended 31 Mah 2025 l. A¢countlng pollcies (continued) Income recognition All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income conditions and the amount can be probable. The followng specffic policies are applied to particular categories of income.. Voluntary income received by way of donanS and gifts is included in fvll in the Statement of Financial Activities when receivable. Grants, where entidement is not conditional on delivery of a spectfic perfomance by the charity, are reCOgne¢j when the charity becomes unconditionally entiued to the grant. Revenue grants are carried forward to the extent that the grantor spocifies that the grant is for expenditure in future accounting penods. Grants (Xlea forward in thls way are accounted for as deferred income. Income from tr8ding activities includes income eamed from fvndraising events and trading activities to raise funds for the chanty. Income is reiVed in exchange for supplying goods and services in order to raise funds and is reccgnised when entitlement has occurre(l. Investrnent incoffle is accr)unted for when re1Vable. Expenditure recognition Expenditure is recognised on an &cruals basis as a liabil.ty is incurred and includes irrecoverable VAT. Costs of generating funds are the costs incurred in attracting voluntsry income and trading activities which raise funds. Chantabie actNth"es expendtture comprlses those (x)5ts inGurr&J by the Gharity in the delivery of its activitics and servic£s for its beneficiaries. It includes both costs that can be allocatÈd directly to such activits'es and those costs of an indirect nature necessary to support them. Govemance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity. All costs are allocated behveen the expendrture categories of the Statement of Financial Activtties on a basis designed to reflect the use of the resour. Costs relating to a particular acb'vity gre allocated directly. others are apportioned on a per project basis. The company operated a defined contribution pension scheme for the benefit of the employees. The pension cost charged in the Statement of Financial Acttvth"es represents the amount of contributions payable to the scheme in respect of the attounb.ng period. Financial Instruments The Charity only enters into basic financial instruments transacfjons Inat result in the recogntiion of financial assets and liabilities like trade and other accounts receNable and payable, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Taxation No provision has been made for corporation tax. as the company is of charitable status. A provision for corporats.on tax is nec&wry in the subsidiary undertakings on its taxable profits. Page 16

CHANGE AGENTS UK CHARITY Notes to the financial statements (continuèd) for the year ended 31 March 2025 1. Accounting poll¢i8s (continued) Operatlng lease arrangemems Opgrating lease renta18 are Gharged to Ihe Slatefflent of Financial Actswts"es at current rates under lease agreements. Tangible Fixed Assets Expenditure on tangible fixed assets is capitalised where it exceeds £500 or between £400 and £500 will be considered on an asset by asset basis or rf multiple are wuired. Expenditure on fixed assets not exceeding £500 for is wntten off in the year in which it is incurred. Depreciatson is provided on all tangible assets at rates calGulated to write off the Gost, less ests'mated residual value. of eath asset evenly over its expected useful economic life on the following bases.. Leasehold improvements are written off over the 25 year temi of the lease. IT hardware is detennined to have a useful &onomic life of three years. Fumiture and fitttngs are detennined to have a useful economic life of 5 years. Softwara systems and licences have a useful economic life baseci on tne length of the licence. Amortisation Amortlsation is calculated to write down the cos( less estimated r88idual value, of all 8S8ets over their expected useful lives. The rates generalty applicable are: Website development is determined to have a useful economic life of three years. 2. Charltable activities Unre•tricted Restricted 2025 Total 2024 Total Grdnts and contracts Communty Fridge Sustainability Education and Training Sustsinability Project Management and Research Carbon Literacy training Project management fees Skills BootGamps 750 750 45,759 250 32,495 14,966 45,759 22,000 2,300 12,600 62,611 62.434 130.193 62,434 130,943 750 Opportunitles for v0&1tional trdinlng Recruitment. Employment servi and Training Fees 275,925 Total 406,118 275,925 412,697 750 406,868 475.308 Grant income included abov• Central government Institutional 62,434 62,434 1g,450 250 Total 62,434 62,434 19,700 Page 17

CHANGE AGENTS UK CHARITY Notss to the financlal statements {Gontlnued) for the year ended 31 March 2025 3. Resources expended Restricted 2025 2024 Cost of raising Charitable Govern. funds acbvitses ance Foodbank Total Total staff costs (note 6) Staff expenses Travel and subsistence Postage and stationery Advertlslng and tnarkelin9 Subscriptions Training Computer and softstsra costs MiSlIaneOuS Bank charges and similar Audit and accountancy Legal and professional fees Premises Support G05ts Total r•source •xponded 141.355 673 2,640 181.606 322,961 673 5,429 20 3,957 1,999 696 5,819 108 1,263 5,712 7,692 4,391 10,061 450,532 293 3,380 51 2,516 3,013 248 2,789 20 3,957 1,327 651 5.648 108 675 3,025 2,593 3.416 6,016 672 45 171 1,166 1,263 5,380 5,477 6,474 11,242 2.687 5.099 975 4,043 17?.08 196.008 2.687 370,781 497,079 4. Net income l (expendlture) before tax Net income l (expenditure) before tax is stated after changing: 2025 2024 Depreciation Independent Examination fees 3,834 5,712 4,424 5,380 5. Net income from non-charitablg trading aetivities of the subsldiary The wholly owned subsidiary. Change Agents UK Trading Ltd, which is incorporated in England and Wales (registered number 06482166), provides recruitmenL training and development and employment services. The subsidiary pays all of ts proffts to the chanty under a deed of covenant. The charity owns the entire share capital of 1 ordinary share of £1 each. The company was incorporated on 24 January 2008 and Started trading on 1 April 2008. A SUTntnary of ilie Irading results is shown below. 202S 2024 Turnover and other operating income Cost of sales and administration expenses Taxation 275,926 414,998 {255,728} (384,170) 171 267 20,369 31,095 (21,099) (32,232) 31,259 32,396 30,529 Gift aid donation paid Retained piofits biought fopward Retained profits carried fot%Yard 31,259 Page 18

CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year ended 31 March 2025 5. Net income from non-charitable trading activit188 of the subsidiary (continued) 2025 2024 The assets and liabilities of the subsidiary were= Fixed assets Current assets Current liabilities Provisions 303 1.204 72,265 89,212 (41,979) {58,927) (58> {229} 30,531 31,260 The seGond wholly owned subsidiary Studentforce ft)r Sustainabilty Ltd. thich is incJ)rporated in England and Wales (registèred number 07767094), remained domant in the Jent year. Therefo, no items of income. expense, assets or liabilities were included on n$011dat10n of this entity (2024 - £Nil). The charity owns the entire share capital of 2 ordinary share5 of £1 each. 6. Staff costs and numbers 2025 2024 bataries and wages Trading subsidiary ernployment Charity staff members 126,521 166.680 231,802 180,497 293,201 412,299 Social security costs Trading subsidiary employment Charity staff members 11,550 10,666 19,590 9,857 22,216 29,447 Pension contributions Trading subsidiary employment Charty stsff members 3,284 4,260 4.349 4,437 8,786 450.532 Total 322.961 No employees received emoluments of more than £60.000 in the year (2024 - None). The average number of employees during the year by the group was 12 {2024 - 18) The average number of those who are employed on behalf of the charity was 7 (2024 - 8). The average number of those who are employed on behatf of the trading company was 5 {2024 - 10). The kÈy management personnel of tho group comptise of the Chief Executive Officer and the Finance Offi[ whose employee benefits totaiied £57,lJ48 (2024 - £54.410). Page 19

CHANGE AGENTS UK CHARITY Notss to the finanGial statements (Gontinued) for the year ended 31 March 2025 7. Pènsion Costs The charity pgrtir.ipstes in a defined contrTbutÉon pension scheme administered extemally. Membership of the sGheme is available to employees satisfying qualfying conditions. Payments made to the fund are charged monthly in the financial statements. The pension cost charge amounted to £4,260 (2024 - £4.437). At the year end, there were no unpaid (xjntributions (2024 - none). The pension costs are allocated tr4¥*n Unrestric and restricted reserves using the employees, time allocation when working on the various activtttes of the group. Any dosing liability would be attributed to the unrestricted SerVeS at the year end. 8. Trustees. remuneration and related party tran¢tiOnS No member of the Board of Trusteé% r1Ved any remuneration during the year. No travel costs {2024: none) ie-imbuised Lo members of the Board of Trustees. There were no other transactions which require reporting in these financial statements. 9. Taxation A3 a charity Change Agents UK Charity is exempt from tax on income and gains falling wrthin section 505 of the Taxes Act 1988 of secbon 256 of the Taxatson Of Chargeable Gains Act 1992 to the extent that these are applied to its charitsble objects. 10. Intangible fixed assets Websito Development Gmup Charlty Cost At 1 Aplll 2024, and at 31 March 2025 5,157 Amortisation At 1 Aprll 2024, and at 31 March 2025 Not book values At 31 March 2025 5,157 8G7 At 31 March 2024 Page 20

CHANGE AGENTS UK CHARITY Notes to the financial statements {continued) for the year ended 31 March 2025 11. Tangible fixed assets Group Office and Totsl Improvements Equipment Cost or valuation At 1 April 2024 Additions Caprtal grant rec*ived At 31 March 2025 68.061 2,780 (1.000) 69,841 48.857 709 116,918 3,489 (1,000) 120,407 49.566 Depreclation At 1 April 2024 Charge for the year At 31 March 2025 46.959 2.786 47.241 1,048 94,200 3,834 49,745 48,289 98.034 Net book values At 31 March 2025 20. 1,277 21,373 At 31 March 2024 21,102 1,616 22,718 Charfty Leasehold Improvements Office ana Computer Equipment Total Cost or valuation At 1 April 2024 Addrf(ions Capital grgnt roe•ivad At 31 March 2025 68.061 2.780 {I,000} 25.117 709 93,178 3,489 (1,000) 69,841 25,826 95,667 D•preclation At 1 April 2024 Charge for the year At 31 March 2025 46.959 2,786 24.704 147 71,663 2,933 49,745 24,851 74,596 Net book values At 31 March 2025 20,096 975 21,071 At 31 March 2024 21.102 413 21,515 Page 21

CHANGE AGENTS UK CHARITY Notes to the financial statements (Gontinued) for the year ended 31 March 2025 12. Flxed Asset InveslJn?nts Charity 2025 2024 Unlisted Investments in subsidiary undertakings The charity owns the entire share capital of one ordinary share of £1 in Change Agents UK Trading Limited, which is incorporated in England and Wales. The charity owned the entire share cgpital of two ordinary shares of £1 each in StudentForce for Sustsinability Ltd, which was incorporated in England and Wales. The Company had been dormant sinGe its incorporation and was dtssolved on 20 May 2025. 13. Debtors Group Charlty 2025 2024 2025 2024 Trade debtors Prepayments and accwed income Amounts owed from group undertakings 24.goo 30,412 16.812 25,278 18.510 13,670 21,099 5,6go 14,587 31,188 55,312 42,090 53.279 51.465 14. Cradltors: amounts falling dua within one year Group Chanty 2025 2024 2025 2024 Trade creditors Other taxation and social security Outstanding pension commthients Accruals Deferred income Amounts due to group undertakings 358 28.226 1,695 6.849 7,788 2,710 23,147 1.702 5,818 15,495 277 14.825 270 3.831 3,197 5.738 3,765 13,895 44.916 48,872 24,039 21,763 Deferred income comprises fees invoiced in advance in respect of the provision of vocational training (subsidiary) and grants receivable (parent). The figures disdosed bek)w are all in respect of provision of services. Group Chaiity At 1 April 2024 Amount released to incoming resources Amount deferred in the year At 31 March 2025 15.495 (15,495) 7.788 13,895 (13,895> 5,738 7.788 5.738 Page 22

CHANGE AGENTS UK CHARITY Not•s to the financial statements (Gontinuodl for the year ended 31 March 2025 15. Movement in Unrestrict funds Group At l April Movement In oUrceS A131 2024 Designation Incoming Outgoing March 2025 Deslgnated funds Grants for Go(xl 5.000 5,000 Qeneral funds 191.362 (5,000) 409,924 (370,610) 225,676 409,924 (370,610) 230,676 Total unr8Stricted funds 191.362 Charity At 1 April Movement in resources At31 2024 Designation Incoming Outgolng March 2025 Designated funds Grants for Go¢Jd 5.000 5,000 239,027 (198,987) 195,146 239.027 (198,987) 200.146 General funds 160,1 (5.000) Total unrestricted funds 160,1 Purpose of unrestricted funds General fvnds represent the balance of unrestricted funds that may be used for revenue or capital expendituie without rjaving recourse to extemally imposed trictl0nS. Grants for Good, relate3 to funds put aside by the trustees for the purpose Of running the Grants for Good programme during 2025126. This has been offered by CAUK in the past (most rentlY in 2019), and offers small grants (typiGally £250-£500) to student and communty groups sustainabilty-related projects and initiatives. 16. Movement In restnctea funds Charlty Transfers At l Aprfl between Movement In resour¢es At31 2024 funds Incoming Outgoing March 2025 PECT 30For30 Grant I Communty FrKlge 235 750 985 Purpose of restricted funds PECT 30For30 Grant I Communty Fridg8 The PECT 30For30 Grant I Communty Frrdge relates to funds reiVed to enable the charity with the additional costs of hosting the Community Fridge. These funds came from PECTS 30For30 Grant. Boller replacem8nt The Gharity re1ve(l a grant trom East Midlands Railway to assist ttrn in replacing the old boiler for the offices with a better, up to date version. As Soon as the boiler was replaj the funds were spent as required and thus any restricbons were satisfied. This is a rApital grant and has an netted off the acquired asset. Page 23

CHANGE AGENTS UK CHARITY Notes to the finanGial statsments (Gontinued) for the year ended 31 March 2025 17. Anatysts of net assets between funds Group 2025 General Designated Restrtcted Funds Funds Fund3 Total Fund8 Tangible fixed assets Current assets Current liabilitt'es Provisions for liabilities and Gharges 21.373 249,277 (44,916) (58) 21,373 255,262 (44,916) (58) 5,000 985 225,676 5,000 985 231,661 Charity 2025 General Deslgnatsd Restrlcted Funds Funds Funds Total Funds Tangible fixed assets Intangible fixed assets Fixed asset investments Currents assets Current liabilities 21,071 21,071 198.111 (24,039) 5,000 985 204,096 (24,039) 195.146 5,000 985 201.131 18. Gapftal commltments There were no capital commitments authorised and contracted for at 31 March 2025 or 31 March 2024. 19. Contlngent Liabilltles There were no contingent liabil"eS at 31 March 2025 or 31 March 2024. 20. Constitution The charitable company is limlted by guarantee with no share capital. There were 13 members at 31 March 2025 (2024 - 10). 21. Related party trnnsactions The Charity has takcn advantage of the exemption in Finaneial Reporting Standard 102 Seetion 33.1A from the requirement to disclose transacllons wrtn group companles on the grounds thal they are wholly owned subsidiaries. Th@re were no related party transactions during this year. 22. Controlling Party The charty is controlled by the Board of Trustees and no one trustee has or exerts overall control. Page 24

CHANGE AGENTS UK CHARITY Notes to tho financial statements (Gontinued) for the year ended 31 March 2025 Pages 26 to 27 also fomi part of these financial ststem9nts and show the 2024 finanGial statements wmparalive figures. Page 25

CHANGE AGENTS UK CHARITY Notes to the flnanclal statements (continued) for th• yr ended 31 March 2025 23. Fund Comparatlves Charltable activities 2024 Total Grdnts and contracts Communty Fnuge Sustainabilty Education and Training Sustainabilty Project Management and Research Project management fees Skills 8ootGamps 250 250 32.495 14.966 2.300 12,600 32,495 14,966 2,300 12,600 62.361 250 62,611 Opportunities for vocational tralnlng Recrurfment, Employment seThis and Training Fees Total 412.697 412,697 475.058 250 475,308 Resources expended Restrfctéd 2024 genwxtlng Charitable activities Govemance Foodbank Total Staff Costs (note 6) Staff expenses Travel and subsistence Postage and stationery Advertising and marketing Subscriptions Training Computer and software costs MISlIaneOUS Bank chargos and similar fees Audit and accountancy Legal and professional fees Premises Support Gosts Total rnsource expended 352,259 293 1,937 98.273 450,532 293 3,380 51 2,516 3,013 248 6, 044 1,166 1,263 5.380 5,477 6,474 11,242 2.516 2.249 764 248 28 157 572 6.016 196 691 3.270 2,519 5,188 7.182 813 2.110 2.958 1.286 384.323 109.833 2,110 813 497,079 Page 26

CHANGE AGENTS UK CHARITY Notes to the financial ststements (continued) for the year •nded 31 March 2025 23. Fund Comparativas (continued) Movement in unresthcted funds GMUP Trnnsfers At 1 Aprfl between Movement In resources 2023 funds Incoming Outgoing At31 March 2024 General funds 208.304 495.999 479,057 191,362 Cha17ty Transf•rs At31 At l Aprfl between Movement In resources March 2023 funds Incomlng Outgoing 2024 General funds 175.909 209,005 193,202 160,106 Movomént In restrfcted funds Charity Transfers At31 At l April between Movement in resources March 2023 fvnds Incoming Outgolng 2024 PECT 30For30 Grant/ Communty Fridge 1,048 813) 235 Analysls of net assets beiween funds Group General Designated Restrlcted Funds Funds Funds Total Funds Tangible fixed assets Current assets Current liabilities Provisions for liabilities and charges 22.718 216.992 (48. 119) (229) 191,362 22,T18 988 217,980 (753) (48.872) (229) 191.597 235 Charlty Genernl Designated R•stslctad Funds Funds Funds Total Funds Tangible fixed assets Fixed asset investments Curnonts assets Cijffenf liabilities 21.515 21,515 159.598 (21.010) 16Q. 106 988 160, 586 (753) (21, 763) 235 160,341 Page 27